Finance

Economic and Project Analysis

In March 2017, the Economic and Project Analysis Division (EPAD) was formed by the combination of the previous Economic Research and Analysis, Fiscal Policy and Project Analysis divisions of the Department of Finance. EPAD is responsible for economic analysis and forecasting, economic impact analysis, and demographic analysis and population projections. The division is responsible for forecasting and analyzing revenues and providing a wide range of fiscal and economic inputs into the overall Budget preparation. It also provides assessment of projects, programs, government services, and other economic development initiatives from a business’s or proponent’s point of view utilizing discounted cashflow, risk analysis, and sensitivity analysis. EPAD is also responsible for the publication of the budget document, The Economy and the midyear review report, The Economic Review.

Recently Updated Date Headline
Employment Growth Forecast Nov 22 Employment growth forecast for 2017 and 2018 from NL Finance and selected forecasters.
Real GDP Growth Forecast Nov 22 Real GDP growth forecast for 2017 and 2018 from NL Finance and selected forecasters.
The Economic Review 2017PDF opens in new window Nov 14 Review of economic performance in Newfoundland and Labrador and outlook for the medium term. 
Selected Economic IndicatorsPDF opens in new window Nov 14 Latest economic forecast and historical data
Car Sales Bulletin Nov 15 Car Sales Increased by 0.5% in First Three Quarters of 2017
Consumer Price Index Bulletin Nov 15 Consumer Inflation Averaged 2.7% in First Three Quarters of 2017
Labour Markets Bulletin Nov 15 Employment Decreased by 1.6% in October 2017
Population Bulletin Nov 15 Population stood at 528,817 as of July 1, 2017
Retail Sales Bulletin Aug 23 Retail Sales Up 1.4% in First Half of 2017
The Economy 2017 Apr 06 The Economy is an annual publication providing a review of economic performance in Newfoundland and Labrador and medium term outlook.
Major Capital Projects Apr 06 Information on capital projects and spending programs in Newfoundland and Labrador valued at $1 million or more, including both public and private projects that are either continuing or beginning in the current year. 
Oil Bulletin Apr 06 Oil Production Increased 22.5% in 2016
Inflation Calculator Feb 08 2016 Update
Population Projections Aug 18 Updated July 2016
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